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UNIT 1: DEFINITION OF HRM, ROLE, IMPORTANCE AND …
www.uou.ac.inThe challenges of HRM 1.3 CONCEPT OF HUMAN RESOURCE MANAGEMENT Of all the factors of production namely M‘s of Management i.e Materials, Machinery, money, methods and Men, Man occupies an important place. The other 4 M‘s by themselves will not help the organization to achieve its goals unless there is an effective